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Questions about Duffy's new home
ALBANY, N.Y. (AP) - Lt. Gov. Robert Duffy recently purchased a home in the Finger Lakes for $527,000 from the head of a business lobbying group who is also on Gov. Andrew Cuomo's regional economic development council.
Duffy is chairman of Cuomo's Finger Lakes Regional Economic Development Council, which helps decide how to spend millions of state funds to boost businesses.
Duffy paid $35,500 less for the house than the town's assessed value.
But Duffy insists the house sold for just $1,760 under the assessment. He says that's because the deal was worked out by lawyers, avoiding the 6-percent real estate agents' fee which he said would have added to the price.
Town assessments, however, don't include real estate agent fees.
The Times Union of Albany reported the story Thursday.